PNC Infratech Secures 300 MW Solar Power Project with Energy Storage from NHPC

1 min read     Updated on 15 Aug 2025, 01:57 PM
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Reviewed by
Riya DeyBy ScanX News Team
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Overview

PNC Infratech has been awarded a Letter of Award (LoA) by NHPC Limited for a 300 MW solar power project with a 150MW/600MWh energy storage system. The project, secured through competitive bidding, includes a 25-year operation period and a tariff of Rs. 3.13 per kWh. The Scheduled Commencement of Supply Date is set at 24 months from the effective date of the Power Purchase Agreement.

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*this image is generated using AI for illustrative purposes only.

PNC Infratech , a prominent infrastructure company, has made a significant stride in the renewable energy sector by securing a major contract from NHPC Limited. The company has been awarded a Letter of Award (LoA) for the development of a 300 MW solar power project, complete with an advanced energy storage system.

Project Details

The project, awarded through a competitive bidding process, involves the following key components:

  • A 300 MW Inter State Transmission System (ISTS) connected solar power facility
  • An integrated 150MW/600MWh energy storage system
  • A competitive tariff of Rs. 3.13 per kWh
  • A 25-year operation period following the commencement of supply

Timeline and Execution

According to the company's disclosure to the stock exchanges:

  • The Scheduled Commencement of Supply Date (SCSD) is set at 24 months from the effective date of the Power Purchase Agreement (PPA).
  • The operation period of the PPA will span 25 years from the SCSD.

Strategic Importance

This project marks a significant milestone for PNC Infratech, showcasing its expanding footprint in the renewable energy sector. The integration of a substantial energy storage system aligns with the growing trend of coupling solar projects with storage solutions to enhance grid stability and power availability.

Market Impact

The award of this project is expected to bolster PNC Infratech's order book and potentially drive long-term revenue growth. It also positions the company as a key player in India's push towards sustainable energy solutions.

Company's Statement

Tapan Jain, Company Secretary & Compliance Officer of PNC Infratech, confirmed the contract award in a statement to the stock exchanges, highlighting the project's significance and its alignment with the company's growth strategy in the renewable energy sector.

This latest development underscores PNC Infratech's commitment to diversifying its portfolio and contributing to India's renewable energy goals.

Historical Stock Returns for PNC Infratech

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-0.31%+0.29%+1.08%+15.81%-32.92%+119.15%
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PNC Infratech Sets September 22, 2025 as Record Date for Final Dividend

1 min read     Updated on 14 Aug 2025, 01:35 PM
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Reviewed by
Jubin VergheseBy ScanX News Team
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Overview

PNC Infratech Limited has announced September 22, 2025, as the record date for its final dividend for FY 2024-2025. The dividend is subject to shareholder approval at the 26th AGM scheduled for September 29, 2025. The company reported strong Q1 FY26 results with consolidated revenue of Rs. 1,423.00 crore and PAT of Rs. 431.00 crore. PNC Infratech has recently completed strategic divestments, including the sale of stakes in 10 National Highway HAM assets and PNC Bareilly Nainital Highways Private Limited. The company's order book stands at over Rs. 17,000.00 crore.

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*this image is generated using AI for illustrative purposes only.

PNC Infratech Limited, a prominent infrastructure development company, has announced the record date for its final dividend payment for the financial year ended March 31, 2025. The company's Board of Directors has fixed Monday, September 22, 2025, as the record date to determine shareholder eligibility for the dividend.

Dividend Details

The final dividend, as recommended by the Board of Directors, is subject to approval from shareholders at the upcoming 26th Annual General Meeting (AGM). The AGM is scheduled to be held on Monday, September 29, 2025.

Shareholder Eligibility

Shareholders whose names appear on the company's register of members as of September 22, 2025, will be entitled to receive the final dividend for the financial year 2024-2025, pending approval at the AGM.

Company Performance

While specific financial details for the dividend were not disclosed, PNC Infratech has demonstrated strong performance in recent quarters. In its Q1 FY26 results, the company reported:

Metric Value
Consolidated revenue Rs. 1,423.00 crore
Profit After Tax (PAT) Rs. 431.00 crore
EBITDA Rs. 367.00 crore

Strategic Divestments

PNC Infratech has recently completed significant strategic divestments, which have strengthened its financial position:

  • In May 2025, the company completed the sale of equity stakes in 10 National Highway Hybrid-Annuity Mode (HAM) assets to Highways Infrastructure Trust (HIT).
  • In July/August 2025, PNC Infratech transferred its entire stake in PNC Bareilly Nainital Highways Private Limited to Vertis Infrastructure Trust.

These divestments align with the company's strategy of recycling capital from operational assets into new infrastructure opportunities.

Outlook

With a robust order book of over Rs. 17,000.00 crore and successful asset monetization, PNC Infratech appears well-positioned for future growth in the infrastructure sector. The announcement of the dividend record date signals the company's commitment to delivering value to its shareholders while maintaining a strong financial foundation for future projects.

Investors and shareholders are advised to mark their calendars for the upcoming AGM on September 29, 2025, where the final dividend will be subject to approval.

Historical Stock Returns for PNC Infratech

1 Day5 Days1 Month6 Months1 Year5 Years
-0.31%+0.29%+1.08%+15.81%-32.92%+119.15%
PNC Infratech
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